Safety Group Insurance Program
IAAP sponsors a program designed to help the aggregates industry operate more efficiently and increase profit. Benefits offered include competitively priced insurance offering general liability, worker’s compensation, property, inland marine, automobile and umbrella coverage. IAAP members purchasing this insurance offered by BITCO Insurance Companies may be eligible for a dividend based on the overall performance of the program.
Announcement - November 2020
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Choosing the IAAP Insurance Program Makes Sense
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To be eligible for participation in the IAAP Safety Group Insurance Program, a company must meet the following criteria:
- Be in good standing as a producing member of the Illinois Association of Aggregate Producers;
- Purchase insurance offered by BITCO Insurance Companies and participate in the dividend paying insurance program;
- Operate quarrying or mining facilities in Illinois; and
- 50% or more of company revenue must be attributable to quarrying or mining operations.
The IAAP Member Program Pays Dividends!
Every September, combined program data from the previous year is used to calculate any possible dividends. If the calculation results in a dividend, it will be returned at a uniform rate, proportionate to the premium contributed by the member for the previous calendar year.
Every September, combined program data from the previous year is used to calculate any possible dividends. If the calculation results in a dividend, it will be returned at a uniform rate, proportionate to the premium contributed by the member for the previous calendar year.
Program administration
Dimond Bros. Insurance – Spring Valley Branch has been endorsed by the IAAP to offer a program through BITCO Insurance Companies that is specifically designed for the aggregates industry. Dimond Bros. Insurance – Spring Valley Branch and BITCO Insurance Companies are committed to providing truly valuable guidance and insurance protection to our members.
BITCO has over 50 years of experience with policyholders that mine and produce crushed stone, sand and gravel. This means their insurance response is one of quality and insight. BITCO has earned an AM Best financial rating of “A+” which is an indicator of their ability to offer you optimum security. BITCO Insurance Companies professionals are strategically located around Illinois in their multiple branch offices to support their customers with Claim Handling and Loss Prevention Services, including MSHA training.
The staff of Dimond Bros. Insurance – Spring Valley Branch has over 30 years of experience in serving the aggregate industry. They take a personalized approach to help tailor insurance coverages specific to your business. Their agents have the ability to provide customized employee manuals, toolbox safety talks, and other loss prevention documents to their customers.
If you are interested in receiving additional information on the program or a rate quote, please contact Dimond Bros. Insurance – Spring Valley Branch toll-free at (866) 663-9905 or by email.
Dimond Bros. Insurance – Spring Valley Branch has been endorsed by the IAAP to offer a program through BITCO Insurance Companies that is specifically designed for the aggregates industry. Dimond Bros. Insurance – Spring Valley Branch and BITCO Insurance Companies are committed to providing truly valuable guidance and insurance protection to our members.
BITCO has over 50 years of experience with policyholders that mine and produce crushed stone, sand and gravel. This means their insurance response is one of quality and insight. BITCO has earned an AM Best financial rating of “A+” which is an indicator of their ability to offer you optimum security. BITCO Insurance Companies professionals are strategically located around Illinois in their multiple branch offices to support their customers with Claim Handling and Loss Prevention Services, including MSHA training.
The staff of Dimond Bros. Insurance – Spring Valley Branch has over 30 years of experience in serving the aggregate industry. They take a personalized approach to help tailor insurance coverages specific to your business. Their agents have the ability to provide customized employee manuals, toolbox safety talks, and other loss prevention documents to their customers.
If you are interested in receiving additional information on the program or a rate quote, please contact Dimond Bros. Insurance – Spring Valley Branch toll-free at (866) 663-9905 or by email.